The hedge fund founded by former Jane Street traders had obtained a $400 million loan from Alameda

According to ChainCatcher news, as reported by CoinDesk citing sources, Modulo Capital, a multi-strategy hedge fund founded by three former Jane Street traders, received a $400 million loan from Alameda Research. The fund is based in Albany, Bahamas (Albany is a luxury apartment building where SBF and other FTX and Alameda employees reside), and was established in early 2022, responsible for trading cryptocurrencies as well as traditional financial assets. Before having Alameda as its sole investor, it secured financing from several traditional financial institutions.

It is reported that SBF and former Alameda Research CEO Caroline Ellison both worked at Jane Street before entering the crypto industry. (CoinDesk)